May 21- Best Buy Co Inc reported weak quarterly sales on Tuesday and warned that a slew of investments to entice shoppers could squeeze profits in the near term. The results showed that Best Buy might need to cut more costs to be able to compete more effectively with the likes of Wal-Mart Stores and Amazon.com.
*U.S. Senate subcommittee says Apple paid no tax on $29.9 bln dividends. DUBLIN, May 21- Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries.
SAN FRANCISCO, May 21- Amazon.com Inc has been given a security clearance by the U.S. government that will make it easier for federal agencies to use its cloud computing services. The accreditation covers all AWS data centers in the United States, the company said on Tuesday.
SYDNEY, May 21- Microsoft Corp is expanding its services for hosting and processing online data in Australia with the establishment of two new "cloud" computing data centres in the country. Such cloud computing, pioneered by Amazon.com Inc, is a fast-growing business for Microsoft and has attracted other big tech names including Google Inc..
LONDON, May 20- British Prime Minister David Cameron on Monday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected their companies to pay their taxes in exchange for benefiting from low tax rates.
*Microsoft set to unveil new Xbox Tuesday. *Xbox key to Microsoft's broader push into consumers' lives. SAN FRANCISCO/ SEATTLE, May 18- Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.
SAN FRANCISCO, May 17- Target Corp said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business.
SAN FRANCISCO, May 17- Amazon.com Inc decided not to turn pilot project "Zombieland" into a full TV series, but is going ahead with " Alpha House," as the world's largest online retailer enters the next stage of its foray into original video creation.
eBay rose $1.01 or 1.8 percent, to $56.81. Yahoo rose$. 02 or. 1 percent, to $26.60. Zynga Inc. rose$. 02 or. 6 percent, to $3.39.
eBay rose$. 85 or 1.5 percent, to $56.65. Google rose $8.40 or. 9 percent, to $912.27. Groupon Inc. rose$. 12 or 1.7 percent, to $7.06.
LONDON, May 17- Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.